U.S. crude oil production reached a new record high in April 2025, with total oil liquids estimated at 20.826 million barrels per day (b/d) according to the U.S. Energy Information Administration (EIA). Crude output specifically was 13.468 million b/d in April, slightly up from a revised 13.450 million b/d in March. Production from the Lower 48 states, excluding federal waters in the Gulf of Mexico, increased modestly by 10,000 b/d to 11.2 million b/d. Meanwhile, Saudi Arabia's crude exports rose to 6.33 million b/d in June from 5.88 million b/d in May, marking the fastest export rate in over a year as the OPEC+ leader aims to regain global market share. The United Arab Emirates (UAE) also showed elevated crude export levels, with Bloomberg's tanker tracker estimating exports at 3.74 million b/d. Despite OPEC+ quotas, tanker tracking data suggests Saudi Arabia and the UAE may be producing or exporting more crude than officially recognized. OPEC+ crude exports overall remained flat month-on-month in June but were approximately 1 million b/d higher year-on-year, driven by increased exports from Saudi Arabia, UAE, and Kuwait. Conversely, Iranian crude exports declined in June due to loading delays. Additionally, Brazil's oil production rose to 3.679 million b/d in May, up 1.3% month-on-month and 10.9% year-on-year.